Title

A Real Model of Transitional Growth and Competitiveness in China

Leslie Lipschitz, Céline Rochon, and Geneviève Verdier

A Real Model of Transitional Growth and Competitiveness in China

The authors present a stylized real model of the Chinese economy with the objective of explaining two features: (1) domestic production is highly competitive in the sense that an accumulation of capital that raises the marginal product of labor elicits increases in employment and output rather than...
Topics: 
Economy